Fleet Boston Robertson Stephens, Inc. v. Innovex, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that member of NASD (FIN-RA’s predecessor) “did not, by virtue of its membership in NASD, agree to arbitrate this ... dispute over fees for giving financial advice apart from brokerage services”
• expressly excluding from the definition of “customer” an entity that only received financial advice, without receiving investment or brokerage related services
• “[W]here the parties have agreed to arbitrate, there is a strong federal policy in favor of arbitration.”
• “We do not believe that the NASD Rules were meant to apply to every sort of financial service an NASD member might provide, regardless of how remote that service might be from the investing or brokerage activities, which the NASD oversees.”

Source: CourtListener parenthetical corpus (CC0).